Crossmark Global Holdings Inc. Boosts Stake in Praxair, Inc. (PX)

Crossmark Global Holdings Inc. lifted its position in Praxair, Inc. (NYSE:PX) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,346 shares of the basic materials company’s stock after acquiring an additional 1,212 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Praxair were worth $6,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stoneridge Investment Partners LLC acquired a new position in shares of Praxair in the 4th quarter worth approximately $2,686,000. Rand Wealth LLC acquired a new position in Praxair during the 4th quarter valued at approximately $350,000. Stephens Inc. AR boosted its position in Praxair by 8.9% during the 4th quarter. Stephens Inc. AR now owns 38,768 shares of the basic materials company’s stock valued at $5,997,000 after purchasing an additional 3,160 shares during the period. Calton & Associates Inc. acquired a new position in Praxair during the 4th quarter valued at approximately $491,000. Finally, American Trust Investment Advisors LLC acquired a new position in Praxair during the 4th quarter valued at approximately $1,473,000. Institutional investors own 84.86% of the company’s stock.

Shares of Praxair, Inc. (NYSE:PX) opened at $155.07 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99. The firm has a market capitalization of $44,400.00, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 2.01 and a beta of 1.03. Praxair, Inc. has a 12 month low of $115.67 and a 12 month high of $166.95.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $3.30 annualized dividend and a yield of 2.13%. This is an increase from Praxair’s previous quarterly dividend of $0.79. Praxair’s payout ratio is presently 72.92%.

A number of research analysts recently issued reports on the company. SunTrust Banks boosted their price objective on Praxair to $185.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Barclays boosted their price objective on Praxair from $160.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Zacks Investment Research lowered Praxair from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Citigroup restated a “buy” rating and set a $188.00 price objective on shares of Praxair in a research report on Friday, January 26th. Finally, TheStreet downgraded Praxair from an “a-” rating to a “c+” rating in a research note on Thursday, January 25th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $167.50.

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Praxair Profile

Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

Institutional Ownership by Quarter for Praxair (NYSE:PX)

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